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EX-99.1 - EXHIBIT 99.1 - G&K SERVICES INCgk8-kexx99120170131.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 31, 2017
G&K Services, Inc.
(Exact name of registrant as specified in its charter)

Minnesota
0-4063
41-0449530
(State or other jurisdiction
of incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
5995 Opus Parkway, Minnetonka, Minnesota
55343
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (952) 912-5500
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 2.02
Results of Operations and Financial Condition

On January 31, 2017, G&K Services, Inc. issued a press release announcing its financial results for the second quarter of its fiscal year 2017, ended December 31, 2016. A copy of the press release is furnished as Exhibit 99.1 to this report. The press release contains non-GAAP financial measures, which are the organic growth rate, and certain non-GAAP operating results which are reconciled to GAAP operating results. The organic growth rate is calculated using revenue, adjusted for foreign currency exchange rate differences, acquisitions, and divestitures. Management believes that organic growth is useful in analyzing the company’s overall financial condition and the results of its operations. Management believes that certain non-GAAP operating results, which exclude pension settlement costs, merger related costs, and equity compensation adjustments, provide a more meaningful measure on which to compare the company’s results of operations between periods

The information in this Item 2.02 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.
Item 9.01
Financial Statements and Exhibits
 
 
 
 
(c)
Exhibits.
 
 
 
 
 
99.1   Earnings Press Release dated January 31, 2017 (furnished)

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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
 
G&K SERVICES, INC.
 
 
(Registrant)
 
 
 
 
 
 
Date:
January 31, 2017
By:
/s/ Tracy C. Jokinen
 
 
Name:
Tracy C. Jokinen
 
 
Title:
Chief Financial Officer

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EXHIBIT INDEX
Exhibit No.
Description
99.1
Earnings Press Release dated January 31, 2017 (furnished)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




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